Stock under consideration today: Universal American Corp (UAM)

The shares of Universal American Corp (NYSE:UAM) currently has mean rating of 3.40 while 0 analysts have recommended the shares as “BUY”, 0 recommended as “OUTPERFORM” and 3 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 400.54M by 4 analysts. The means estimate of sales for the year ending Dec-16 is 1.56B by 4 analysts.

The mean price target for the shares of Universal American Corp (UAM) is at 7.50 while the highest price target suggested by the analysts is 8.00 and low price target is 6.50. The mean price target is calculated keeping in view the consensus of 3 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Universal American Corp (UAM) stands at 0.06 while the EPS for the current year is fixed at 0.18 by 3 analysts.

The next one year’s EPS estimate is set at 0.29 by 4 analysts while a year ago the analysts suggested the company’s EPS at 0.18. The analysts also projected the company’s long-term growth at 39.00% for the upcoming five years.

In its latest quarter ended on 31st March 2016, Universal American Corp (UAM) reported earnings of $0.07. The posted earnings topped the analyst’s consensus by $0.03 with the surprise factor of 75.00%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 21, 2016 Universal American Corp (UAM) announced that it has priced its private offering of $100 million principal amount of Convertible Senior Notes due 2021 through a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Universal American granted the initial purchasers of the notes a 30-day option to purchase up to an additional $15 million aggregate principal amount of the notes on the same terms and conditions, which has been fully exercised. The sale of the notes is expected to close on June 27, 2016, subject to customary closing conditions.

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